Archive for the ‘Business’ Category

Finance Minister Jim Flaherty says world leaders will continue to push Europe to tackle its debt crisis in order to prevent a ripple effect on economies around the globe.

Air Canada’s flight attendants have given their strike notice and could be off the job as early as Wednesday.

On a day when Research in Motion’s stock was being punished by investors, the company said some customers were having technical issues with their BlackBerry devices.

Federal Labour Minister Lisa Raitt is inviting Air Canada and its unionized flight attendants to a meeting early next week if they can’t reach a tentative agreement over the weekend.

Finance Minister Jim Flaherty used a speech at a high-technology hub in Waterloo, Ont., to call on Canada’s private sector to pump more money into research and development.

The average tuition at Canadian universities rose by 4.3 per cent for full-time students in undergraduate programs this year, almost 40 per cent above the inflation, Statistics Canada reported Friday.

Canada’s shale gas industry is turning to another Quebec political heavyweight to bolster its case for further exploration.

UBS rogue trader charged with fraud

Posted: September 16, 2011 in Business
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London police say Kweku Adoboli, the UBS trader accused of losing the Swiss banking giant $ 2 billion in rogue trading, has been charged with fraud and false accounting.

RIM shares slide

Posted: September 16, 2011 in Business
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Shares of Research in Motion fell sharply in early trading on the Toronto Stock Exchange on Friday, a day after reporting disappointing financial results.

UBS was under pressure on Friday to explain how its managers failed to catch a $ 2 billion loss due to rogue trading, with experts calling into question the Swiss bank’s ability to turn around its scandal-hit image.